Correlation
The correlation between GDOC and AGNG is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
GDOC vs. AGNG
Compare and contrast key facts about Goldman Sachs Future Health Care Equity ETF (GDOC) and Global X Aging Population ETF (AGNG).
GDOC and AGNG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDOC is an actively managed fund by Goldman Sachs. It was launched on Nov 9, 2021. AGNG is a passively managed fund by Global X that tracks the performance of the Indxx Aging Population Thematic Index. It was launched on May 9, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDOC or AGNG.
Performance
GDOC vs. AGNG - Performance Comparison
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Key characteristics
GDOC:
-0.43
AGNG:
0.49
GDOC:
-0.51
AGNG:
0.73
GDOC:
0.93
AGNG:
1.09
GDOC:
-0.30
AGNG:
0.48
GDOC:
-0.80
AGNG:
1.44
GDOC:
9.97%
AGNG:
4.85%
GDOC:
17.86%
AGNG:
15.21%
GDOC:
-32.01%
AGNG:
-30.58%
GDOC:
-21.27%
AGNG:
-5.03%
Returns By Period
In the year-to-date period, GDOC achieves a -3.41% return, which is significantly lower than AGNG's 3.84% return.
GDOC
-3.41%
-2.52%
-8.93%
-7.57%
2.05%
N/A
N/A
AGNG
3.84%
-0.35%
-1.41%
7.33%
6.99%
5.99%
N/A
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GDOC vs. AGNG - Expense Ratio Comparison
GDOC has a 0.75% expense ratio, which is higher than AGNG's 0.50% expense ratio.
Risk-Adjusted Performance
GDOC vs. AGNG — Risk-Adjusted Performance Rank
GDOC
AGNG
GDOC vs. AGNG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Health Care Equity ETF (GDOC) and Global X Aging Population ETF (AGNG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
GDOC vs. AGNG - Dividend Comparison
GDOC's dividend yield for the trailing twelve months is around 0.02%, less than AGNG's 0.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
GDOC Goldman Sachs Future Health Care Equity ETF | 0.02% | 0.02% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGNG Global X Aging Population ETF | 0.80% | 0.83% | 0.96% | 0.49% | 0.72% | 0.36% | 0.83% | 1.00% | 1.04% | 1.05% |
Drawdowns
GDOC vs. AGNG - Drawdown Comparison
The maximum GDOC drawdown since its inception was -32.01%, roughly equal to the maximum AGNG drawdown of -30.58%. Use the drawdown chart below to compare losses from any high point for GDOC and AGNG.
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Volatility
GDOC vs. AGNG - Volatility Comparison
Goldman Sachs Future Health Care Equity ETF (GDOC) has a higher volatility of 6.78% compared to Global X Aging Population ETF (AGNG) at 5.25%. This indicates that GDOC's price experiences larger fluctuations and is considered to be riskier than AGNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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